214 Myrtle LnSouth MillsNC27976
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in South Mills at 214 Myrtle Ln, South Mills, NC, 27976 offers $3,530/mo rent that, after a $1,958/mo payment, leaves $1,092/mo cash flow. Total monthly income is $3,530/mo, and annual cash flow is $13,104/yr on $132,597 cash. Return on cash invested measures 29.79% in year one, and rental yield stands at 10.59% at a $399,990 entry. Equity gained on principal adds $2,581/yr while 5% annual appreciation compounds into $110,510 by year five. Five-year ROI records 155.75% and total cumulative return in cash reaches $206,521. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,530/mo property income versus a $1,958/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27976, South Mills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,672 (100%) |
| Owner Occupied HU | 1,372 (82.1%) |
| Renter Occupied HU | 233 (13.9%) |
| Vacant Housing Units | 67 ( 4.0%) |
| Median Home Value | $343,229 |
| Average Home Value | $360,955 |
Housing Distribution
Address Breakdown
Residential
1,432
Single Family
1,432
Multi-Family
0
Businesses
43
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Listed by: Terri Stickle • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10605554